Summary: The Pakistan Stock Exchange continued its bullish trend for the second consecutive day on Thursday. The KSE-100 Index closed at 175,379.86 points, up 3,366 points, while the KMI-30 Index, which includes companies compliant with Sharia principles, recorded a gain of 4,834 points. A total of 365 companies saw their share prices increase in the market.
Karachi: The Pakistan Stock Exchange continued its bullish trend at the end of trading on Thursday, with the benchmark KSE-100 Index and KMI-30 Index closing with significant gains.
According to official data from the Pakistan Stock Exchange, the KSE-100 Index rose by 3,366.38 points to 175,379.86 points. The index recorded a 1.96 percent increase compared to the previous trading session.
The market closed at 172,013.48 points on Wednesday. Thus, the benchmark index gained a total of 7,361 points in both consecutive trading sessions.
During the trading session, the KSE-100 Index touched a high of 176,604.51 points, while its low was recorded at 174,291.25 points.
On the other hand, the KMI-30 Index, which represents 30 largest and most active companies selected according to Sharia principles, was also in the positive zone. The index closed at 251,232.44 points, up 4,834.26 points or 1.96 percent.
In the previous trading session, the KMI-30 Index closed at 246,398.18 points. On Thursday, its high was 252,861.04 points and its low was 249,511.29 points.
The overall performance of the market was also positive. According to the Pakistan Stock Exchange, shares of 567 companies were traded during the trading session, of which 365 increased in price, 103 decreased while 99 remained stable.
The trading volume was about 999.8 million shares, while the total trading value exceeded Rs 46 billion. During this period, 498,895 deals were made.
The increase in share prices of most companies in the market and the positive closing of both major indices indicate investor interest. However, despite the continued bullishness, the future direction of the market will depend on economic indicators, financial performance of companies and investor confidence.
Today’s index performance
| Index | Closing Level | Points Gained | Change |
|---|---|---|---|
| KSE-100 | 175,379.86 | +3,366.38 | +1.96% |
| KMI-30 | 251,232.44 | +4,834.26 | +1.96% |
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